DishTV: Marginal gains in Q2

Merger with Videocon D2H, extracting synergy gains of Rs 510 cr in FY19, crucial

DishTV’s September quarter (Q2) numbers were broadly in line with estimates in a seasonally weak quarter. It reported revenues of Rs 749 crore, down four per cent over the year-ago quarter. While it added a healthy 188,000 net subscribers in the quarter, average revenue per subscriber (ARPU) at Rs 149 was down eight per cent over the year-ago period.
 
Though net adds were lower than Videocon d2h and Airtel DTH, they were better than analysts’ estimates.
 
Pricing pressure continues to be high as the company adds a larger share of subscribers from smaller towns and villages in the